Hot Rocks Investments plc: Positive Portfolio Updates

7 April 2026

HOT ROCKS INVESTMENTS PLC

(the "Company" or “Hot Rocks”)

Positive Portfolio Updates

The Company is pleased to report positive developments within the Company’s portfolio of interests.

Mendell Helium plc (“Mendell”) (AQSE:MDH)

The Company holds 5,100,000 ordinary shares in Mendell and notes its recent share price movements having traded above 6p per share. Hot Rocks also holds 7,500,000 warrants - half of which are exercisable at 4p per new Mendell ordinary share and half at 6p per new Mendell ordinary share.

Mendell has provided regular newsflow to the market in recent weeks including general operations updates, updates on new helium production wells at Fort Dodge and most recently an agreement with Ritchie Exploration to re-complete the Schneweis Ventures 13A well in the Fort Dodge region of Kansas, USA, a well located around four miles south of Rost 1-26 well.

Mendell announced 31 March 2026 updated plans regarding seeking admission to trading of its ordinary shares on the AIM market together with an update on drilling the Rost twin well.

Sunshine Gold Capital Pty Ltd (“Sunshine Gold”)

We are pleased to report positive developments for Sunshine Gold (Dexter Gold Project):

The third tenement expands the company’s exploration potential with one of Australia’s largest coherent gold-in-soil anomalies of a total of 66km.

 

Following a review of exploration data Sunshine Gold has now made two new strategic tenement applications E38/4064 & E39/2591 – Upon successful award Sunshine Gold’s tenure holdings will increase to a total of 887km2.

New Investments

Central Gold Limited (“Central Gold”)

The Company has invested US$25,000 into Central Gold which is advancing its copper and gold licences in Tanganyika Province, DRC. They have received positive assay results from their maiden drilling.

Futuro Resources Limited (“Futuro”)

The Company has invested £25,000 into Futuro which is planning to infill drill the Lavra Vehla gold resource in Brazil, drill-test the northern extension, deliver a JORC compliant Mineral Resource Estimate, complete metallurgical test work, initiate a pre-feasibility study on the project and advance permitting.

Cobra Resources plc (“Cobra”)(LSE:COBR)

The Company participated in the recent successful £4.5 million (net) fundraise. It is intended that Cobra utilises the funds to accelerate Manna Hill Copper Project drilling following a scalable copper discovery and to advance Boland Rare Earth Project through pre-feasibility. These work programmes have the potential to establish Cobra as a significant copper and rare earths developer in South Australia.

Hot Rocks acquired 502,099 shares in Cobra together with 251,049 warrants exercisable at 6p with a two year life.

Gavin Burnell, Managing Director of the Company said “We are pleased with the performance of Mendell together with the significant developments at Sunshine Gold and are excited for the potential of our various positions.”

 

The Company has equity and / or warrant interests in the following entities:

 

Astrid Intelligence plc

B Hodl Plc

Bolt Metals Corp

Central Gold Limited

Cobra Resources plc

Electrum Discovery Corp

Elephant Oil Corp

Endor Group Limited t/a Universe Money

Futuro Resources Limited

Hamak Strategy Ltd

Laiva Gold Inc

Mafula Energy Limited

Mendell Helium plc

Minergy Limited

Mosi Copper Limited

Orcadian Energy Plc

Oregen Energy Corp

Oscillate plc

Parent Capital Corp

Pilar Gold Inc

Prospectiva Resources Limited

Rift Resources Limited

Sunshine Gold Capital Pty Ltd

Supernova Digital Assets plc

T5 Oil & Gas Ltd

Tap Global Group plc

The Smarter Web Company Plc

Trigon Metals Inc

Tucano Gold Inc

Unicorn Mineral Resources plc

WeShop Holdings Limited

 

The Directors continue to look at opportunities to diversify and add value for shareholders.

For further details please contact:

Hot Rocks Investments plc

Gavin Burnell Tel: 0207 2644 546

 

Optiva Securities Limited

Vishal Balasingham Tel: 0203 981 4174